Replies to post #25156 on Marijuana - Public Weed Stocks & Analysis (WEED)

[Hunchbackgeek]

NEWS TSXV:OGI~"Organigram Enters into MOU for Microwave Assisted Extraction Technique Development"

MONCTON, NEW BRUNSWICK--(Marketwired – September 6, 2017) - Organigram Holdings Inc. (TSX VENTURE:OGI)(OTCQB:OGRMF) (the “Company” or “Organigram”) is pleased to announce that it has entered into a memorandum of understanding (the “MOU”) with the New Brunswick Innovation Research Chair in Medical Technologies (NBIRC), a New Brunswick Innovation Fund (NBIF) initiative, pursuant to which the parties will jointly develop an industry leading method of microwave extraction of cannabinoid extracts from marijuana plants.

The project will be led by Dr. J. R. Jocelyn Paré, holder of the NBIRC, the inventor of various Microwave-Assisted Processes forming a portfolio of twelve patents. Dr. Paré is a researcher at the Atlantic Cancer Research Institute (ACRI) and his current focus is in the use of microwaves for the selective ablation of tumours.

The objective of this project is to develop a more efficient manner of extracting cannabinoids for use in extracts and edibles. Consistent with the company’s objective of continuous innovation, this project will aim to drive down production costs resulting in higher quality and more accessible medical cannabis products for patients.

Organigram’s Chief Executive Officer, Greg Engel commented, “We are honoured to be working with Dr. Jocelyn Paré, the New Brunswick Innovation Research Chair in Medical Technologies. Dr. Paré is an internationally renowned expert in microwave extraction and we couldn’t be happier to be commencing this project with him. While our initial joint working focus will be microwave extraction, we look forward to a long working relationship with Dr. Paré to advance marijuana cultivation and extraction and the use of microwaves in this industry”.

Dr. Paré commented, “We are pleased to provide our expertise in support of this development work aiming at improving the efficiency of Organigram's cannabis extractionprocesses. This will also contribute to stronger economic development in our region”.

For more information, visit www.organigram.ca

For further information, please contact:

Organigram Holdings Inc.
Greg Engel
Chief Executive Officer
[e-mail]

NBIRC
Remi Richard
Business Development Officer
[e-mail]

https://www.organigram.ca/latest/organigram-enters-into-mou-for-microwave-assisted-extraction-technique-development/